Asia-Pacific to Witness Fastest Growth in Emission Control Technologies Market During Forecast Period
Increasing automobile
production, innovations in emission control catalysts and emission control
regulations by the government to drive global emission control technologies
market through 2024
According
to TechSci Research report, “Global Emission Control Technologies Market By Technology, By Fuel Type, By End User Industry,
By Region, Competition, Forecast & Opportunities, 2024”, global emission control technologies market is expected to
grow at a CAGR of 7.7% during forecast period owing to strict government
regulations pertaining to emissions from vehicles. Moreover, rising urbanization
is leading to increased congestion on roads and, thereby necessitating the use of
environment-friendly vehicle on roads, which is further anticipated to drive
global emission control technologies market. Additionally, ECTs or emission
control technologies can resolve issues such as smog, acid rain, greenhouse
effect and air pollution.
Browse 20 market
data Tables and 86 Figures spread through 110 Pages and an in-depth TOC on " Global Emission Control Technologies Market "
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Global
emission control technologies market can be segmented based on technology, fuel
type, end user industry and region. On the basis of technology, the market can
be segmented into diesel oxidation catalyst, exhaust gas recirculation, diesel
particulate filter, selective catalytic reduction, gasoline particulate filter,
among others. Due to enactment of stringent emission control regulations for
reducing nitrogen oxide (NOx), selective catalytic reduction is expected to
grow at the highest rate during the forecast period. In terms of end user
industry, the market can be segmented into automotive, rolling stock, off-highways,
aerospace and industrial. Automotive segment dominates global emission control
technologies market owing to the adoption of these technologies for reducing
tailpipe emission.
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BASF SE, Clean Diesel Technologies, Inc., Corning
Incorporated, Johnson Matthey, Tenneco Inc., Delphi Corp., Robert Bosch GmbH, AeriNox
Inc., Clariant AG, DCL International Inc., etc. are some of the leading players
operating in global emission control technologies market. The companies
operating in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
“Asia-Pacific is expected to witness significant growth during forecast
period as economies, such as Japan and India, are implementing stringent
regulations pertaining to pollution, thereby bolstering the demand for emission
control technologies across these countries. Moreover, China and India are
among the top five automobile industries in the world which is leading to
increasing demand for emission control technologies in automobile exhaust
systems, thereby positively influencing Asia-Pacific emission control
technologies market.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Emission Control Technologies Market By
Technology, By Fuel Type, By End User Industry, By Region, Competition,
Forecast & Opportunities, 2024” has evaluated the future growth potential of global emission
control technologies market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global emission
control technologies market.
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